Editor’s Note: Tracey Smith is an internationally recognized business author, speaker and analytics consultant. She is the author of multiple books and hundreds of articles. Tracey has worked with and ...

I have long been puzzled by inventory policies that cause four-color titles to be printed in three-to-six-month quantities when every calculation I’ve ever seen suggests that printing 12–15 months’ ...

Multiple inventory control methods exist including aggregate control, item level control, ABC analysis, economic-order-quantity and lot-size methods. Small companies that find it difficult to ...

Inventory for liquor stores is a matter of simply ensuring the remaining stock matches the invoice and sales records. However, liquor inventory for bars and restaurants is a bit more tricky, simply ...

Powerful planning processes provide the essential elements for business success through material management, lean operations, waste reduction and working capital optimization. It is not unusual to ...

Getting inventories right is hard—but why? In this age of advanced technology, ERP systems, and AI, one would expect companies to leverage these tools as a competitive advantage or, at the very least, ...

The requirements for retail success don’t get much more basic than the ability to accurately forecast customer demand. Even a mom-and-pop bodega should be able to gauge how many people will order a ...